The Ivey Purchasing Managers Index (PMI), which is sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, increased a seasonally adjusted 7.8 points to 60.5 points in May. The increase exceeded market expectations that had the PMI rising to 54.5 points and represented, in fact, the sharpest increase in the index since August 2011. As a result, the PMI remained above the 50-point threshold for a 10th consecutive month, which indicates that the manufacturing sector continues to expand. The inventories as well as the prices indices remained above the 50-point threshold in May. The employment index, on the other hand, swung back into contraction territory for the first time in six months, suggesting that the employment situation has worsened compared with the previous month. Finally, the supplier deliveries index remained below the 50-level mark.
PMI recovers in May
June 6, 2012
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Canada PMI Chart
Note: Ivey Purchasing Managers Index. A reading above 50 indicates an expansion in the manufacturing sector while a value below 50 points to a contraction.
Source: Richard Ivey School of Business and the Purchasing Management Association of Canada.
Canada Economic News
October 21, 2016
In September, seasonally-adjusted consumer prices increased 0.2% from the previous month, which contrasted the 0.1% decrease recorded in August and marked the highest print in three months.
October 19, 2016
At its 19 October policy meeting, the Bank of Canada (BoC) decided to maintain its target for the overnight rate at 0.50%, despite a weaker inflation and growth outlook.
October 11, 2016
The Teranet-National Bank National Composite House Price index rose 0.7% in September from the previous month, which followed the 1.5% increase in August.
October 8, 2016
Seasonally-adjusted annualized housing starts registered 220,600 units in September, according to the government-owned Canada Mortgage and Housing Corporation (CMHC).
October 7, 2016
The Ivey Purchasing Managers’ Index (PMI), sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, increased a seasonally-adjusted 6.1 points in September, rising from 52.3 in August to 58.4.